What are the Reasons People Are Questioning Bitcoin Again?

[Findingnemo]

Ignore those noises, they exist in the market and buy and sell at the very wrong time and ended up blaming the bitcoin for their stupid decisions. The decentralization of bitcoin is still same as it was before and the price drop or bump doesn't alter the fact still some how people always tie this up to justify their wrong decisions.

[Tmoonz]

What do you expect, that's human for you. They praise you when you're successful and criticize you when you're stumbling. They forget that bitcoin is an asset that has two phases which is the bear market and the bull run. How is it possible for the price to only be pumping without dipping. The bottom line is that people must always talk negatively about bitcoin.

Any one who thinks that Bitcoin only has to be going up without coming down at some point doesn't really understand the basics of Bitcoin knowledge and they should break their heads for all I don't care whenever they are questioning about Bitcoin especially when the price happens to be coming down, Bitcoin can never be stable neither is it going to be going up at all times without coming this is one thing everyone should know and accept it that way and it will save them whole lot of trouble with questions over what they can not change or control.

[serjent05]

Most people on social media who are praising Bitcoin as if it were a god was just going along the trend to have followers and now that the market move to the opposite way, they are tend to change side because they value gaining followers and views more than anything else.

This is not a surprise event; people are questioning Bitcoin after the market transition to a bear market.  Aside from that, there are also people who love creating propaganda and rumors against Bitcoin. I do not know if it is because of hate, or to shake weak hands into selling, then they buy what these weak hands sold at a huge discount.

Ignore those noises, they exist in the market and buy and sell at the very wrong time and ended up blaming the bitcoin for their stupid decisions.

Most of these people are clueless about the Bitcoin market, and are they just get in because of their shallow understanding about Bitcoin market.  Ever since Bitcoin entered the free market, this kind of people are always there.  Pity that they failed to grasp the reason behind this trend of the Bitcoin market.

[Alphakilo]

I’ve been watching the Charts and overall Market sentiment for quite some time now. And it's just laughable that the "revolutionary" talk just evaporates when the market starts to bleed. I think the issue is Price Anchoring, I think we are wired to perceive what happened "yesterday" as the permanent reality and when The Market is Green Everyone acts like a visionary but the Second Market starts bleeding Everyone starts Questioning their "Vision". It's like people forget the Actual Mechanics of the Network and make price the only indicator as to the tech is "working" or not. The truth is that most of the people here are just LARPing as high-conviction investors.

It's easy to say you're in it for Decentralisation or whatever the Math when you are 20% up but when you are at Drawdown, that's when you realize if you actually understand what you bought. I have seen in a few discord servers where the people who were posting "To the Moon" memes are now the ones who are hoping to Get out on break-even. It's Hard to believe in something which you don't know about, if everyone right now just have a teeny bit of Fundamental knowledge then they will have something to rely on when the hype is Ended. The truth is we need people who believe in Bitcoin not who wants to Benefit from Bitcoin. And if you believe in It then the benefiting Part comes in the package with it.

I wonder if there's actually any believe that doesn't stand to benefit those who believe in it. Bitcoin believers will show their beliefs by investing in it or taking other sustainable chances with it, because they believe it is what it is and nothing else. Those who jump into investing without actually knowing a dime and just need profit are often those who lose out and get discouraged along the way.

People will always question Bitcoin and that's what results in the market sentiments that are volatilities in all, which of course has a lot to do with influencing the price and movement of Bitcoin price in the market.

[GeorgeJohn]

What do you expect, that's human for you. They praise you when you're successful and criticize you when you're stumbling. They forget that bitcoin is an asset that has two phases which is the bear market and the bull run. How is it possible for the price to only be pumping without dipping. The bottom line is that people must always talk negatively about bitcoin.

Anyone who mocks someone who invest in bitcoin and the price depreciate, it means that the person dont know that bitcoin investment is all about risk....

Every investment have it's negative side, in bitcoin, the price don't alway increases, the price of Bitcoin decreases and increases, so if you are unlucky and the price falls within the range you invested, that doesn't call for criticism...

It's people who lacks the vision are the one that will criticised someone who invest in Bitcoin and the price falls.....

[Ziskinberg]

There is no end to this, and you can't just stop those people from throwing negativity to bitcoin because they're actually not real believers of bitcoin.

Those who have huge faith will understand the flaws of bitcoin and so they'll remain no matter what, but those who are two-faced, not sincere and not honest on their opinions will end up attacking bitcoin when bitcoin price is bleeding and the market is bearish.

The same people, the same reason, they just don't want to understand the nature even if we all know its understandable.

[Maslate]

If there are people who are die hard fans of bitcoin, then there's always the opposite.

These are the ones who keep seeing the flaws and are fast to criticize, but when bitcoin price is surging high, these are also the people who keep praising and invite others to enter bitcoin, not until bitcoin price drops sharply and recovery seems not possible anymore, their true colors come out and cursing bitcoin like its a big mistake to lose from bitcoin, when bitcoin has always been known as highly volatile from the beginning.

[Zaguru12]

If there are people who are die hard fans of bitcoin, then there's always the opposite.

These are the ones who keep seeing the flaws and are fast to criticize, but when bitcoin price is surging high, these are also the people who keep praising and invite others to enter bitcoin, not until bitcoin price drops sharply and recovery seems not possible anymore, their true colors come out and cursing bitcoin like its a big mistake to lose from bitcoin, when bitcoin has always been known as highly volatile from the beginning.

Bitcoin is an asset or currency which from its inception was gaining so much hate because most people never believed it will see the light of the day and as such it popularity is actually why they are still pained because they never want to see it grow. So whenever there is any slight opportunity of the market hitting the dip they strike to create FUD.

Any bitcoin investor currently who still has fears because of FUDs like this might either be early into bitcoin investment or simply doesn’t actually knows what bitcoin is all about. Because if dips like this is what is creating fear for coin that has actually resisted lots for over 15 years then such investor doesn’t know the strength of bitcoin.

One thing is clear bitcoin is actually at the best position for anyone to invest in

[AmoreJaz]

Ignore those noises, they exist in the market and buy and sell at the very wrong time and ended up blaming the bitcoin for their stupid decisions. The decentralization of bitcoin is still same as it was before and the price drop or bump doesn't alter the fact still some how people always tie this up to justify their wrong decisions.

If you will hear and follow what everyone is saying, you would surely panic as if you can't make your own decisions. So better contemplate on your own thoughts and come up with your smartest idea that is good for your financial aspect of your life.

[cryptomaniac_xxx]

If there are people who are die hard fans of bitcoin, then there's always the opposite.

These are the ones who keep seeing the flaws and are fast to criticize, but when bitcoin price is surging high, these are also the people who keep praising and invite others to enter bitcoin, not until bitcoin price drops sharply and recovery seems not possible anymore, their true colors come out and cursing bitcoin like its a big mistake to lose from bitcoin, when bitcoin has always been known as highly volatile from the beginning.

And the thing is that this kind of attacks are more magnified during the bear market, so the timing of those perma-bears or whatever you call them, are really impeccable. But you just have to laugh it out and shrug your shoulders.

Because in the bull run, all of them are hiding under the stone and can't get out because even if they attack Bitcoin, the price are not going to be affected. So I guess we should always be ready for this kind of negative sentiments during the bear market and then do the opposite, continue to buy and accumulate.

[Luzin]

Most people on social media who are praising Bitcoin as if it were a god was just going along the trend to have followers and now that the market move to the opposite way, they are tend to change side because they value gaining followers and views more than anything else.

FOMO influencers, when the market is bullish they talk a lot, when it's bearish they mislead. They mislead, and that's not something we need to follow. For those who understand and have experience, I think this kind of thing won't provoke them. But what bothers me is that not all influencers are like that, so look for influencers who are correct and clear, not just those who follow FOMO. 

Then regarding the topic creator's title, I think we have evolved in crypto. Satoshi's ideals are no longer being followed. This industry has changed; its goal is profit. Primarily, it's about money, so I think the fundamental basis is to meet life's needs. This industry has become a cycle of money-making. Many people have become wealthy from this industry, which motivates many others to imitate them. Because indeed, many influencers provide proof of results from the crypto industry.

[tread93]

I’ve been watching the Charts and overall Market sentiment for quite some time now. And it's just laughable that the "revolutionary" talk just evaporates when the market starts to bleed. I think the issue is Price Anchoring, I think we are wired to perceive what happened "yesterday" as the permanent reality and when The Market is Green Everyone acts like a visionary but the Second Market starts bleeding Everyone starts Questioning their "Vision". It's like people forget the Actual Mechanics of the Network and make price the only indicator as to the tech is "working" or not. The truth is that most of the people here are just LARPing as high-conviction investors.

It's easy to say you're in it for Decentralisation or whatever the Math when you are 20% up but when you are at Drawdown, that's when you realize if you actually understand what you bought. I have seen in a few discord servers where the people who were posting "To the Moon" memes are now the ones who are hoping to Get out on break-even. It's Hard to believe in something which you don't know about, if everyone right now just have a teeny bit of Fundamental knowledge then they will have something to rely on when the hype is Ended. The truth is we need people who believe in Bitcoin not who wants to Benefit from Bitcoin. And if you believe in It then the benefiting Part comes in the package with it.

These are all the folks who just bought into the hype but haven't taken the time to really fully grasp it. Which is too bad. They will end up losing a lot of money because they will sell at unfavorable positions and then they will have a bad taste and bash bitocin for the rest of their life because they folded hands and were weak shoobies! Those guys had better get a couple tequila shots and pucker up, shit don't even phase me no more hahhahah. Dude I mean bitcoin is at 66k... 66k!! That is still hella good cuz. Shits going UPPPPPPPPPPPPPPPPPPP. In due time. We gotta see what is going on with the US and this whole crypto bill and regulations and all that bs. Its gonna MOVEEEEEE this year though. It has to.

[Furball808]

The truth is we need people who believe in Bitcoin not who wants to Benefit from Bitcoin. And if you believe in It then the benefiting Part comes in the package with it.

Another truth is that since more people have now learned about bitcoin and have decided to involve themselves in the world of crypto there will be higher percentages of people who don't actually get what they are dealing with. Only a few actually know and use bitcoin for what it is which is a decentralized currency. When you search for bitcoin, the first things to pop up will be all about its price and not much about what it actually is so don't be shocked that most especially newbies know bitcoin for being an investment asset

[DanWalker]

The truth is we need people who believe in Bitcoin not who wants to Benefit from Bitcoin. And if you believe in It then the benefiting Part comes in the package with it.

Another truth is that since more people have now learned about bitcoin and have decided to involve themselves in the world of crypto there will be higher percentages of people who don't actually get what they are dealing with. Only a few actually know and use bitcoin for what it is which is a decentralized currency. When you search for bitcoin, the first things to pop up will be all about its price and not much about what it actually is so don't be shocked that most especially newbies know bitcoin for being an investment asset

I have to agree with this. Many new investors I have met recently, most of them have never read the Bitcoin white paper or understood the core purpose for which Bitcoin was created. The only thing they know and care about is that bitcoin is a potentially high return investment, nothing more.

Therefore, it is no surprise that they are enthusiastic and have strong faith in it during a bull market. But they would immediately become skeptical about it in a bear market.

[nakamura12]

There's always people who are like that where if something bad or not good is happening then they ask questions or won't see it good and if it's good that is happening then they all just gone and no questions asked. It always happens when bitcoin price decrease and gone when the price is going up. How I see it is that they didn't fully understand how bitcoin works and as others have said they didn't read the whitepaper of Bitcoin that's why they are questioning Bitcoin.

[MarjorieZimmermanGinger]

It's easy to say you're in it for Decentralisation or whatever the Math when you are 20% up but when you are at Drawdown, that's when you realize if you actually understand what you bought. I have seen in a few discord servers where the people who were posting "To the Moon" memes are now the ones who are hoping to Get out on break-even. It's Hard to believe in something which you don't know about, if everyone right now just have a teeny bit of Fundamental knowledge then they will have something to rely on when the hype is Ended. The truth is we need people who believe in Bitcoin not who wants to Benefit from Bitcoin. And if you believe in It then the benefiting Part comes in the package with it.

Sometimes many people get caught up in meme coins hoping to reach "To the Moon" and are generally influenced by the hype or the community they're part of. Understanding what we're buying is based on a person's knowledge of the coin, but there are also people who don't understand Bitcoin well, but they still buy it. I have a friend who bought Bitcoin without any prior knowledge, but he started learning about it when the price dropped significantly. He eventually asked Can Bitcoin recover? I showed him Bitcoin's history and he started learning about its cycles. He finally said one thing Bitcoin can recover many times, but meme coins die. Trust is built on performance, allowing people to assess which coins have fundamentals as the history of any coin can be seen.

[joniboini]

I swear we have a dedicated website tracking stuff like this. Bitcoin Obituary should be one of them iirc. We have this doubtful narrative multiple times, as others have mentioned, nearly 500 times if you quote that website. I'm quite numb to it after seeing this scenario repeat 3 times in different cycles.

Honestly, I don't really care whether people are in it for the profit or believe it. With how companies are buying Bitcoin and whatnot, they likely think Bitcoin will be profitable in the next 5 years at least. What I wanted to see is whether I can use Bitcoin in more places, which sounds hard because I don't think my government will change the regulation at all. As always though, people should DYOR & DWYOR.

[TheUltraElite]

The people who have been doing this need to read the old charts. Bitcoin dropped from holding an all time high and this is normal in a speculative asset. If it goes up it is bound to come back down. Specially if the rise was fast, the drop will be fast as well. It will eventually pick up price and grow back.

In the meantime the bear season can be the good time to buy at discounted prices. There are chances it might drop further, hence dont spend a lot of fiat but a limited amount and buy at this lower price.

[pooya87]

In addition to what was said I believe what we see is partially about certain voices becoming louder in such times like after a drop. The naysayers and FUD-spreaders are always around but if they talk during the time price is soaring, their voice is not heard at all and it can even be ridiculed. But when there is a drop, their voices become louder and the media loves them more too so they start spreading their nonsense more than the past. This is why we hear them more at times like this.

Otherwise for many people who have adopted bitcoin, their "vision" of it doesn't change just because price went up X% or went down Y%. Specially if these people have been around for a while or have looked at the charts at least once seeing similar swings...

[Furious 7]

With the current conditions and with the many arguments that exist actually when the increase and decrease occurs we can draw a thread that indirectly shows that until now there are still a lot of fomo that exist among bitcoiners regardless of their recognition of investors or trading everything looks the same.

They only get carried away when bitcoin goes up and down so that their stance becomes floating because when the increase occurs they will be the number one praiser for bitcoin but on the contrary when the decline occurs they will be the first to say regret being in bitcoin.
All must want profit but as long as we only become a fomo and only get carried away from the economic conditions created or rather the bubble that is trying to be created I think those who are still like that will never be able to do anything because let alone talk about vision because they lack confidence in what they are currently doing in bitcoin.